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, january 2nd. and speaker john boehner can't please anyone. ♪ >> happy new year, everybody. >> aloha, mr. president. >> the fiscal cliff vote wasn't the only drama in the house of representatives. >> the house stands adjourned until 10:00 a.m. tomorrow for morning hour debate. >> mr. speaker. >> we will promise that this vote was coming up. >> it's the most disgraceful action i've seen in this house in the 20 years i've been here. >> nine weeks after sandy, not one penny has been appropriated. >> we turned our back on them. >> the only thing our republican colleagues did this week is serve up false hope to the people devastated by the storm. >> they have no problem finding new york when it comes to raising money. >> the relief will come early next year but will come at the $27 billion level. >> anyone from new york or new jersey who contributes one penny to congressional republicans after this should have their head examined. ♪ >>> a very happy new year to you and your family. 2013 begins as washington barely avoids crashing off the fiscal cliff. in a rare late night vote, they managed
it won't happen. boehner is at his weakest point ever. to push something through. doing that would weaken him even further. he still needs to be elected speaker on january 3rd. if you're boehner, you let this thing slide past january 3rd, getting yourself elected, and then do what you have to do. >> will he be stronger in. >> he won't be stronger. there will be about eight more democrats. >> really it's his caucus. >> but he'll be speaker again. if it does it, then you have a couple days to consider -- if he gets reelected and is speaker again, then it's much more trouble to unseed somebody who is already sitting there as the speaker than it is to stop him from running in the first place. >> if i could add to what ryan is saying, the only thing is he'll be proposing to his caucus a tax cut. everybody changes on january 3rd. you're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching th
trading day of the year after the fiscal cliff compromise. john boehner house speaker tonight amid a new backlash this one over a delay in aid for super storm sandy. >> with no explanation, the rug is pulled out from all of us. this a disaster on top of a disaster. >> republicans in congress brought this house to a new low last night. >> the fact is the speaker had no choice. >> tonight, developments after a storm of anger. finally, a fiscal cliff deal. >> i think it's good that we have reached some sort of compromise, although it's kind of lame that it took so long. >> i'm almost wondering why do we even have a congress. >> this fight isn't finished. tonight, the looming battle over spending cuts and raising the nation's credit limits. plus, an oil drilling rig crunches into an island during a storm in alaska. and salvage teams now working to prevent an environmental disaster. but we begin tonight with word of a plan to calm some anger in congress. i'm jon scott in for shepard smith. republican lawmakers are now promising a vote on aid for victims of super storm sandy by january 15th. t
operated with a dictator ship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on footing. >> john boehner's office fired back -- senator reid should talk less and legislate more. the house has already passed legislation to avoid the entire fiscal cliff. >>> the president gets set to land in washington this hour. there's new word that the president has called all four congressional leaders. reid, mcconnell, boehner and pelosi. . joining me to talk more, we have peter alexander standing by at the white house as well as nbc's mike viqueira on capitol hill. some verbal smackdown, basically flipping the lights back on and harry reid taking to the floor to eviscerate speaker boehner. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hur
, but ultimately john boehner has said he wants the majority of republican members of the house to vote for whatever deal happens. that's a key factor. they have to agree to something that president obama also agrees to. that's a big gap. basically he's -- i don't know that there's 120 house republican votes for that yet. plan b was voted on, a -- house republicans wouldn't approve of that, either. the how is like a big block here on any kind of permanent deal. >>> i want to bring in debbie wasserman schultz, florida democrat and head of the dnc. congresswoman, when you look at what's happening today, you know, this meeting that's going to be happening at 3:00 p.m., what's going to be talked about there, what do you think? >> look, as long as the leaders are talking, there is still time for us to hammer out a deand prevent us from going over the fiscal cliff. what will be talked about today is what do the outlines and parameters of a possible deal look like that can be agreed to by a majority of democrats and republicans. really i think the key thing here is, will john boehner, instead
-minute deal and this plan would not be the grand bargain that john boehner started initially working on. that plan would have dealt with tax reform and deficit reduction and this will be a much more scaled back version that will deal with the issue of taxes and that is still the big sticking point, taxes. of course, democrats and president obama have called for tax rates to increase on those making $250,000 or less. republicans have said that's way too low. so they're thinking about potentially compromising on a rate that would be $400,000 or $500,000, but some republicans are saying they don't think that the tax rate should go up on anyone. so taxes still the major sticking point. right now the negotiations are going on the hill and there's a lot of optimism that came from the talks yesterday. of course, president obama hosted congressional leaders at the white house and they left that meeting and many said that it was constructive and they were optimistic that a deal could get done and i've been talking to my sources today and that same optimism isn't really present right now. there's
-passed bill may die. republican congressman peter king says it is all speaker boehner's fault. >> speaker boehner is the one. he walked off the floor. he refused to toll us why. refused to give us any indication or warning whatsoever. i'm saying anyone from new york and new jersey who contributes one penny to the republican congressional campaign committee should have their head examined. i would not give one penny to these people based on what they did to us last night. i would say -- i'm talking about the people in my neighborhood that i see, people are out of homes, people are living in devastated homes, people without jobs, people lost their businesses, their clothing, their life-long possessions. absolutely disgraceful. people in my party, they wonder why they're becoming a minority people. they're writing off new york. their writing off new jersey. they have written me off and they'll have a hard time getting my vote. i can tell you that. >> let's go to governor christie speaking right now. >> -- were damaged or destroyed. nearly 7 million new jerseyians were without power, some for
reforms or cuts in here and that might be a big bone of contention. >> you mentioned speaker boehner. the house as i mentioned adjourned earlier tonight and they will meet again tomorrow, january 1 at noon, 2013. speaker boehner's spokesperson brendon buck earlier tonight said all of this the back and forth this is all vice president biden and senator mcconnell and he said quoting here boehner and mcconnell have not spoken since last week. the staff is being apprised on what they have been working on. we have not been negotiating with any one which is interesting, ed, when you look at the possibility of whatever comes out of the senate if it comes out of the senate tonight and we keep talking about the possibility of this deal, you are right we have to get over the hump that you have to get over the 60 votes necessary to bring the bill to the floor of the senate and then they have to pass it through the senate. and then it goes to the house. now, speaker boehner the real question is here, ed, whether he brings up this piece of legislation. if it he does his own head check in the gop
it out on new york, long island and new jersey, speaker boehner is the one. he walked off the floor, refused to tell us why, refused to give under the circumstances any indication of warning whatsoever, and eric cantor met with us throughout the week, he devised the strategy how to bring it to the floor to make it acceptable to let the republicans who wanted to vote against parts of the bill, they could do that, but the bill was going to pass. the bottom line is here. the republican speaker walked off the floor without allows the vote. i'm just saying these people have no problem finding new york, these republicans, when they're trying to raise money. they raised millions in new york and new jersey. they send governor christie around the country. i'm saying anyone from new york or new jersey who contributes one penny to the republican national campaign committee should have their head examined. i would not give one penny based on what they did last night. i believe a true republican principle, but turning your back on people who are starving and freezing is not a republican value. i
's share of his time negotiating with speaker boehner, that did not work. what can you tell us about the key individuals involved in the process now, president obama, senator majority leader harry reed and mitch mcconnell. what is the tone? >> it's all about the senate right now, that is one of the more remarkable developments. all along we thought it would be between the obama white house and house speaker john boehner and there was a logic behind that. because getting legislation out of the house is the trickier part of crafting any type of deal. but with the house saying look, we need the senate to do something, the last ditch effort is occurring in the senate right now. i spoke to staffers close to senator mcconnell that said there was optimism on their side yesterday, including from their boss, senator minority leader mitch mcconnell to get a deal. of course, any kind of word in reading from the members themselves will not come until tomorrow, but it's both chris and luke that said in the segment before mine, there is a sense that what might have been optimism yesterday does not
worked out in the senate than there was dealing with speaker boehner and his completely dysfunctional house republican party. >> sure. well, abiding by convention and of course protocol, the senate won't return until sunday. will there be enough time for the senate leaders to really craft a deal that is substantive and makes a difference, especially to the most vulnerable americans? >> yeah, i think the two keys that the president laid out are to protect middle class americans from tax increases and to protect families that haven't been able to get back in the workforce, having their unemployment insurance cut off. and if those two things can be done, a lot of the rest can be worked in in the weeks and days to come. we have other deadlines coming up for the debt limit and for the end of the continuing resolution, so i think this is likely to be a bit of a continuing process. but the really immediate stuff, i think they can clearly do. the big choice is going to be republican leader mcconnell's. and that is, does he insist on filibustering this effort? if he does choose to filibuster t
think we're at a point after, after the implosion by boehner and the party not to be able to come to an agreement with president obama. that we're talking about a short fix relative to a new congress dealing with the complexity and a comprehensive package of long-term, of fiscal policy in this country. that's what many of us have asked for, that everything has been to be on the table. that it has to be an honest and open discussion. >> you just said that everything should be on the table. the president has made this clear. he said that everyone needs to give a little bit to reach the grand bargain. and a new gallup poll says that 68% of americans want congress, that's you, to compromise. to come up with a solution. only 22% say stick to your principles. now, you spoke out against the president's first off, saying it looked like he was offering a cut to social security, but if his next offer looks the same and that's the only way to come together, would you support it? >> honestly, the support and many of us, including myself, are disappointed that cutting social security benefits
. the final tally, 257-167, and while 151 republicans voted no, it is worth noting its speaker, john boehner, voted yes, so did paul ryan, by the way. here is the deal that took over 500 days to seal. no tax hikes for couples earning less than $ 450,000 a year. itemized deductions, and unemployment benefits extended and alternative minimum tax adjusted for inflation. >> here is the deal. what the deal doesn't address is federal spending. drastic domestic and defense cuts have been put off for more than two months. looking ahead that could get messy if this is an indication, think about that. and also the debt ceiling this is the end of february this is now at 16$16.4 trillion and by e way, we just blew past that this week. the president drawing a line in the sand for that upcoming battle. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already wracked up. the congress refuses to give the united states government the ability to pay these bills on time. and the consequences for the entire global economy would be catastrophic. fa
recently, house speaker john boehner and president obama each made important concessions. the president on entitlement spending. speaker boehner on upper income tax rates. speaker boehner, though, could not get conservative republicans to go along and seemed at a loss on what to do next. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle on the fundamental reform of the tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama, meantime, seemed to lose patience. no sign he's eager to go off the cliff, but he's also not ready, either, to get in his words, what he'll get for free when the bush tax cuts expire tuesday morning. democratic lawmakers, though, are more willing to let that and everything else happen and both sides are still pointing fingers. take a look at mitch mcconnell and harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the situation. >> republican leader find
-called plan b failed in the house, john boehner, speaker of the house said, look, it's up to the senate. we'll not do anything more. we already passed a bill a while back that would extend bush tax cuts for everybody. it is up to the senate to do something. you have senate minority leader mitch mcconnell, the republican saying it is up to the democrats to do something. we'll not do anything until president obama and the democrats come up with a plan and president obama actually late yesterday did call all four leaders, majority, minority leaders in the house and senate that includes mitch mcconnell and said the first time a democrat called him since thanksgiving to talk about this. so they're talking but there is no indication anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose
, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for couples making over $300,000 a year. unemployment benefits extended for a year for 2 million americans. and that irritating alternative minimum tax permanently adjusted for inflation. >> this fight is far from over. the deal doesn't address spending. drastic cuts have been deferred now for two month and you can be sure the battle will get messy. and then there's the $16.4 trillion debt ceiling. we just hit it according to the treasury secretary and the president already drawing the line in the sand for that fight. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences would be catastrophic. >> brianna kealar is live from washington working triple duty for us. so tell us more about what is not included in this deal and what battles are now lo
the failure of speaker john boehner's plan b last week, house members are saying the ball is now in the senate's court. >>> former president george h.w. bush is in the intensive care unit at a houston hospital this morning. according to a statement from the bush family the president has been in intensive care since sunday, after suffering a series of setbacks, including a persistent fever. they also say he's relentlessly positive and spends time talking and joking with his doctors. in the next hour we'll take to you houston for a live update on the president's condition. >>> it's called one of the largest lawsuits of its kind, toyota agrees to a $1.1 billion settlement. we'll tell you who benefits and if one of the people who benefits is you. [ male announcer ] it's that time of year again. time for citi price rewind. are only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi pri
connell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority leader harry reid said he doesn't see how it can get done by january 1st. we heard from president obama before he left from his vacation that he was optimistic. logistically the white house will tell you it's possible. when you listen to what you're hearing some of these congressional leaders say, there's a lot of posturing laying blame to the other side if we do go over the cliff. take a listen. >> republicans are not about to write a blank check for anything senate democrats put forward because we find ourselves at the edge of the cliff. >> we are here in washington working while the members of the house of representatives are out watching movies, watching their kids play soccer, basketball, doing all kinds of things. they should be here. >> now, house speaker john boehner is saying the senate needs to just take up a house pass bill that has already passed t
reid blasted speaker boehner for letting lawmakers go on vacation. house makers are not due back until sun -- house lawmakers are not due back until sunday. boehner said the house will take action on whatever the senate can pass. >>> all the early season rain and snow we've been getting has water experts optimistic about california's water supply. the storms have replenished many reservoirs snow has increased snow back to nearly 150% of normal. >> partial supply in the barn either in reservoir storm or snow pack. however, it still depends on the remainder of the season 2/3 of the wet season is still let. >> snow pack runoff normally provides cal with a third of its water supply. >>> more -- more water on the way. >> this storm is so close to the coast it probably won't get snow in the sierra. good morning. because the storm is so close to the coast we have a high surf advisory be detail out there, dangerous rip currents as the storm passes today through tomorrow. beautiful picture from mount tamalpais this morning on san francisco you can see the embarcadero center still illuminateed.
deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are five days from the new year, and we might finally start talking. >> today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chamber of com
. this is going to be in their hands at this point. john boehner is like we've got to look at things. it's not going to happen overnight. >> it seems like a couple of weeks ago but it was about a week ago when the house of representatives voted on boehner's plan b which would have set the threshold at $1 million. now they're going to vote on it at $450,000. you've got to figure a lot of republicans aren't going to go along. >> what exactly happened? we're going to go over this in detail with chad who saw the play-by-play and was e-mailing us the play-by-play. mitch mcconnell called up -- bypassed senator reid who never got back to him on saturday and said can i speak to the vice president, joe biden? we're used to cutting deals together. like it or not, these are the two that hammered it out. they put it together. when it was all said and done, this is what joe biden had to say about how this deal actually came to fruition. >> what was said there was kind of hard to hear. what was your selling point? biden said: me. it's interesting, the senators, the democrats all got together late yes
john boehner, as he meets with fellow republicans, over whether to okay the fiscal cliff bill passed overwhelmingly by the senate. but gop lead verse not agreed to let the house vote or amend the bill. >> i think more members want this to pass than are willing to vote for it. you also have to be practical about what's the best deal you can get under the circumstances. >> reporter: vice president joe biden was back on the hill after helping to broker the senate deal. it spared the middle class a tax hike but raised taxes on those making over $400,000 a year. jobless benefits from extended for millions of unemployed but massive cuts to the military and other federal agencies were delayed for two months. democrats now the chance to vote on the bill as they say boehner promise. >> until now our speaker has head when the senate acts, we will have a vote in the house. that is what he said. that is what we expect. that is what the american people deserve. >> to forge a constructive solution for the good of the nation. >> reporter: with an opening prayer appealing for come prom ties house we
, good morning. it's a new day and a new standoff. this time, house speaker john boehner is hinting he won't bring house members back to town until the senate comes up with a passable plan. as president obama leaves his tropical retreat in hawaii for a wintry washington, tension on capitol hill is on high. >> i don't see how you could hammer out any kind of a grand bargain or large plan involving tax reform and entitlement changes in a matter of days. >> reporter: serious doubt is setting in. even starbucks is getting involved, writing "come together" on its cups. speaker john boehner says he's sitting this round out after failing to get enough house republicans to support his own plan just before christmas. >> i think that boehner is being controlled, unfortunately, by the right wing. >> reporter: that leaves it up to majority leader harry reid and the rest of the senate to find a passable solution. aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate some big spending cuts and restore unemployment benefits. >> i think you're likely to see a
war in a weekend. >> dave: he can get it done but there is still john boehner and the house republicans. i'm not modestly optimistic. anything through the house at this point. >> juliet: like lindsey gram said two days ago when you call a meeting publicly in washington it usually turns out to be the dog and pony show or theater basically. honestly calling at this late hour. they met for an hour. what could really go down in that type of meeting? things can go down but really, it's just at the edge. they waited so long. they all went on their vacations. >> clayton: here are some things on the table to answer those questions perhaps. generalities. we don't know what's been tabled. democrats still strong about this. they say they were, yeah, here is -- take a look at this. keeping tax cuts for those making $250,000 a year or less. we know that's there. that may shift because we are hearing from republicans they may be willing to go as high as $500,000 a year. of the extended. >> dave: that's my guess. >> extending unemployment tax benefits for 2 million folks still unemployed.
was, a decision was made by john boehner and other house leaders to only go in the direction of amending the senate bill if they would have the 217, 218 votes necessary in order to actually get the amendment through the house, pass the bill with an amendment, and send it back to the senate. members coming out of a republican meeting indicated they do not have the votes. they will put a clean vote on the floor on the senate bill. >> it is being reported now that the chair of the house rules committee is moving ahead with the meeting time at 8:10, which is right now. an emergency meeting of the rules committee. he is not waiting for cameras to get put into place we are unable to bring the start of that. . we will keep you updated. is there tension between speaker boehner and eric kanter during this process? >> as we have seen, there has been talk of that in the media. every time it comes up, as it has come up again tonight, people are quick to reflect reports from the caucus meeting this afternoon were that the two walked in to gather, they are trying to avoid anything the caus
on boehner's plan b. house congressman steve latourette, by the way someone who has repudiated grover norquist's pledge joins us next. >>> and mark zuckerberg's sister confused about facebook's privacy settings. we'll have the details of that ahead. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok.
that the bill was being pulled. i don't enjoy saying this. i consider myself a personal friend of john boehner, and john boehner personally has been very helpful to me over the years. so it pains me to say this. the fact is dismissive attitude that was shown last night toward new york, new jersey, connecticut typifies i believe a strain in the republican party. i know this is not the place to discuss politics, but that politics seeps over into a governmental decision that was made. i can't imagine that type of indifference, that type of disregard, that cavalier attitude being shown to any other part of the country when people we are talking about real life and death situations here, just have the speaker walk off and not tell us. tell an aide to the majority leader who tells us that we tell the majority leader that the item that means life and death was taken off the calendar and is gone for this session? they say it's going to be brought back up in january. the fact is let's be real. we are not in session next week. the following week we are in session for two days. the following week is the
in advance of the of the new year. he's there to talk to himself. john boehner will come back at any time. his office told us it would be sometime after christmas. so he could be back as soon as today. the upper chamber in commerce is coming back tomorrow to pick up where they left off on the important domestic surveillance bisa. they will meet for a vote on the $50.6 billion bill for hurricane sandy relief. they will be back in the same zip code as far as we know there are no specific time or places on the books for an inperson meaning between the two. something else that remains to be seen is everybody will return to the table with a cooler head which the president shawas hopi for before he went on his family vacation. hoe over do you. >> the fiscal cliff we have been telling you so much about could be devastating for thousands of american businesses and their workers. their new concerns this morning about profits for those companies. lauren simonetti from the fox business network joins us to explain. what's going on? >> the fiscal cliff puts it in jeopardy. many are afraid to invest in
speaker boehner? how likely are we going to see a vote before going over the cliff? >> it's up in the air. i'm told it is in part why house republicans didn't make a decision whether to bring the house back or when to do it. the ball is really in the senate's court, specifically with senate democrats. that changed big time since a couple of weeks ago. at this point what senate democrats are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left for hawaii which is a scale back, focusing on tax cuts and saying what he campaigned on during the entire campaign which is only keeping tax cuts in place for those under $250,000. it is a big ask to try to get -- by our calculation ten senate republicans to cross over. they think with the deadline they are up against it will be hard to go home and say i let everybody's taxes go up. >> what do we know about what is in this scaled back bill? it's still being crafted. that's part of the dance being done in the next few days, which is what do democrats have to p
delay. the president and house speaker john boehner had once talked of a grand bargain with $4 trillion in deficit reduction. instead, the congressional budget office calculated today that extending the bush-era tax cuts for 99% of americans would add $4 trillion to the deficit over the next decade. the senate measure delays mandatory pentagon and domestic spenng cuts by two months. as the house convened at midday, a number of republican congressmen complained the bill is still too heavy on tax hikes and too light on spending cuts. ohio's steve la tourette dismissed it as a "package put together by a bunch of sleep- deprived octogenarians on new year's eve." and the alabama representative said the house needs more time. >> the house must postpone this vote until congress and the ameran people have time to study and evaluate this extraordinarily complex legislation and its impact on taxes, revenue, the economy, our debt and a myriad of other issues. >> woodruff: but tennessee democrat steve cohen warned about the consequences of not taking the senate deal. >> my district can't afford to
day. >>brian: why wouldn't they be. when you went to bed, john boehner served up two possibilities. one you could vote on the senate bill which passed overwhelmingly. two, the house might amend the senate bill and add a bunch of spending. he didn't have enough votes for that entree and in the end a whole bunch of republicans voted for the senate bill, although a whole bunch of republicans voted against the senate bill. it has passed. >>juliet: pretty amazing all the drama over the last 48 hours as opposed to nothing happening over the 48 years. let's take a breakdown. here's a look at how we break down the numbers. $622 billion is what we're seeing in new tax hikes, just $15 billion in spending cuts. we'll get more on that later. $1 spending cut for every $41 in tax hikes. that is pretty much what it amounts to. >>brian: the dollar in spending cuts for every $41 in tax hikes that is for the first year. in ten years it is going to be $1 worth of spending cuts for every $10 of tax hikes. for a lot of republicans, they go that is a lousy deal. >>brian: we're basically reviewing the sa
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
connell, they really are the focus in the senate. in the house, it's speaker john boehner. i've got to ask you, is his job on the line if republicans balk at any deal that's reached? >> no, not at all. speaker boehner is extremely strong. his conferences support him and knows that he's been in a tough position trying to negotiate the fiscal deal with the president. he's been doing this for weeks, month, working on this deal. and you know, they gave it a shot. they tried their best. the house, you know, house republicans wouldn't go for it. and said, you know, it's up to the senate. and once -- if the senate passes something, the house now will consider it. so i -- i do think that the speaker is in a very strong position. and besides, this is a very difficult job. i don't see many republicans standing up and wanting to take speaker boehner on. not many other people could do the job like speaker boehner is. >> i agree. i see you saying that. think about it, he didn't look good when plan b couldn't go to a vote. how can he be strong in this position? >> i think house republican see the position he's in.
a difference in every season of the year." the president and speaker john boehner have not spoken in nearly a week. when the house republicans convene conference call today, all they were told is lawmakers will get 48 hours' notice if and when they need to come back to session. the talks first stall over the preferred option of plan "a." moving from the income level of $250,000 to $400,000. the focus shifted to plan "b," boehner fallback and would have raised tax on those making $1 million but failed when could not get republican votes. >> all eyes turn to the senate that could be key to a deal on plan "c." scaled-back bill that the president says will focus on unemployment benefits and reverting to the 250,000 level on taxes. >> i asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans. lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the presiden
: sources say john boehner referred to his senate colleagues and told them house leaders would consider their plan. one item raising the debt limit is not expected to be a part of any final compromise. if senate leaders fail the president wants congress to vote his plan keeping tax cuts for making $250,000 a year less, extending unemployment benefits for some 2 million people and delaying spending cuts until later this year. white house officials that top senate republican will be a key force in getting a deal after he made these comments. >> we are engaged in discussions majority leader and white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and majority leader can make to his conference. >>> among the issues to be hammered out is income level for extending president bush tax cuts. they send it on $250,000 but it sounds like $400,000 is where negotiations are heading. a leading republican senator says permanent is key giving certainty on tax rates that g.o.p. senators say a permanent solution for the alternativ
the their position right now, at least speaker boehner's is, hey, it is time for the senate to act on some of our bills. we'll keep an eye what is happening there. heather: busy day for them. president obama taking his case to the american public. here is what he had to say about the situation playing out on capitol hill. >> what's been holding us back is the dysfunction here in washington and if, you know, people start to see that on january 1st this problem still hasn't been solved, that we haven't seen the deficit reduction we could have had, the republicans been willing to take the deal i gave them, if they say, that people's taxes have gone up, which means consumer spending is going to be depressed, obviously that will adverse reaction in the markets. heather: there is lot at stake for all americans. three big issues on the financial front this morning as a matter of fact,. stu varney, host of "varney & company" on the fox business network joins us now. stu, no deal on capitol hill, not really doing their job but we're hearing they get a pay raise. >> that incredible to some people, but none
. this slide began since last thursday. that was when house speaker john boehner failed to bring his plan b for avoiding the fiscal cliff. he failed to bring that to a vote. the market has been selling off a bit every single day because nothing has happened to make investors feel like a deal is going to be reached. news of the meeting today happening at the white house this afternoon, that did help stocks make a comeback late yesterday. but they are selling off once again. it's fun ny you how things can change so quickly. there's just not that much confidence that a deal is going to get done. the market doesn't want a band-aid. one trader said it's too late for that. what the market is looking for is a full deal. >> all right. alison kosik at the new york stock exchange. thank you for that. >>> every 19 minutes someone dies of a drug overdose. most are not from elicit drugs, but fda drugs prescribed to millions of americans. dr. sanjay gupta reports. >> reporter: i rode along with lieutenant craig. he's been on the job for 30 years. he will tell you when he takes an overdose call, the usual
's political theater or they have a deal. my bet is it's theater. >> reporter: speaker john boehner hasn't been able to get them to budge on a deal to raise taxes and the name calling is getting ugly. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. >> reporter: and it's true the senate controlled by democrats is working this week, but they're not working on the fiscal cliff. and the house won't even be back to work until sunday, just two days before the year-end deadline. then there is also the milk fiscal cliff. have you heard of that one? if congress does not pass a new farm bill by january 1st, milk prices could nearly double some say to as much as about $7 a gallon. they have until the first to get that done or milk prices go up and with the fiscal cliff, massive tax increases and spending cuts. that's the latest here at the white house, back to you. >> thank you, sherri.
boehner and majority leader eric cantor walking in a republican conference meeting together. a show of solidarity, perhaps, after cantor came out against the bill that passed the senate this morning. looking live outside the meeting now. tonight on "special report," g.o.p. lawmakers are suggesting they may amend that bill and send it back to the senate. we'll explain what that means when we have live reports on both sides of pennsylvania avenue. potennial market reaction to the late moves. at the white house, president obama's plane but gassed up and ready to go back to hawaii. but with no vote and no communication with boehner, what now? "special report" from washington with all the fiscal cliff latest starts at 6:00. now back to "the five." ♪ ♪ ♪ >> juan: getting redty to party. the last segment we took a look at the serious moments on "the five" this year. now let's get to the good stuff. roll the tape. ♪ notice >> are we non- >> bob. >> sorry. ♪ ♪ notice ♪ ♪ >> hostess brand maker of twinkies. [ laughter ] >> lockness monster was a hoax. >> what? that is a hoax?
have a sense what republicans are telling speaker boehner? how likely are we to see a vote in time to avoid going of the cliff? >> it is in part the reason why house republicans didn't make a decision to bring the house back or when to do it. the ball is in the senate's courts especially with senate democrats. that has changed big time since a few weeks ago. at this point what they are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left for hawaii which is a scaled-back bill focusing on tax cuts and on what he campaigned on which is only keeping the cuts in place for those making over $250,000. is it a big ask to get ten senate republicans to get them to cross over. >> so what more do we know then. it is still being crafted and that is part of the dance that's being done in these next few days which is exactly what do democrats have to put into this in order to lure those republicans if anything. is there anything they can do. fundamentally, for most republicans voting for the president's
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